Eagle Ford Shale

Magnolia Oil and Gas Corp. plans to continue operating a two-rig program in South Texas this year, which it expects to generate “high single-digit production growth” from the Eagle Ford Shale and Austin Chalk programs, CEO Steve Chazen said last week. CFO Chris Stavros said one rig would be “dedicated to drilling development wells” in…

A major increase in oil-directed drilling, especially in Texas, propelled a 22-rig surge in the U.S. rig count during the week ended Friday (Feb. 11), lifting the overall domestic tally to 635, the latest numbers from Baker Hughes Co. (BKR) show. Including gains of 19 oil-directed rigs, two natural gas-directed rigs and one miscellaneous unit,…

Murphy Oil Corp., whose portfolio extends across North America’s onshore, into the offshore and overseas, is raising its capital spending this year, with an eye on pumping up oil and natural gas volumes. The management team of the Houston-based independent provided some insight on the strategy for 2022 during a recent conference call to share…

Texas’ upstream oil and gas employment grew to 188,700 in December, representing increases of 3,000 jobs month/month and 27,800 positions year/year, the Texas Independent Producers and Royalty Owners Association (TIPRO) reported last week. “Oil and natural gas employment continues to rebound, providing quality, high-paying jobs to Texans throughout the state, and we expect that trend…

On the strength of sharp gains in the Eagle Ford and Haynesville shales, the U.S. rig count surged 13 units higher to 601 for the week ended Friday (Jan. 14), according to the latest numbers from Baker Hughes Co. (BKR). Net gains in the United States included 11 oil-directed rigs and two natural gas-directed rigs,…

The U.S. oilfield services (OFS) and equipment sector added an estimated 7,450 jobs in December, according to the Houston-based Energy Workforce & Technology Council. “As oil demand has pushed higher, it’s heartening to see continued job growth in the sector,” said Council CEO, Leslie Buyer. “The sector has recovered more than half of the jobs…

Regiment LLC, whose oilfield services are focused in the Permian Basin and Eagle Ford Shale, said it has expanded its completions fleet with two recent acquisitions. The privately held operator disclosed few financial details. In late September, it said it acquired a fleet of pumps and high specification fracture stack equipment from a private pressure…

The Permian Basin and Haynesville Shale will keep domestic natural gas production growing into the new year, according to updated modeling from the Energy Information Administration (EIA). In its latest monthly Drilling Productivity Report (DPR), EIA said it expects natural gas production from seven key U.S. regions — the Anadarko, Appalachia and Permian basins, alongside…

Illinois, Michigan, Ohio and Pennsylvania will account for nearly one-half of the estimated 27.3 GW of new natural gas-fired generation capacity in the United States by the mid-2020s, according to the Energy Information Administration (EIA). In its latest Monthly Electric Generator Inventory report. EIA said there was a common thread among the four states: each…